Listing Courtesy of: CRMLS / American Realty Associates / Magdy Mikhail - Contact: 949-275-2701
7370 Neo Street Downey, CA 90241
Active (87 Days)
$5,249,000 (USD)
11,344
SQFT
Description
MLS #:
OC25168654
OC25168654
Lot Size
0.3 acres
0.3 acres
Type
Multifamily
Multifamily
Year Built
1957
1957
County
Los Angeles County
Los Angeles County
Listed By
Magdy Mikhail, American Realty Associates, Contact: 949-275-2701
Source
CRMLS
Last checked Oct 25 2025 at 5:23 AM GMT+0000
CRMLS
Last checked Oct 25 2025 at 5:23 AM GMT+0000
Bathroom Details
Interior Features
- Laundry: Common Area
- Disposal
- Built-In Range
- Electric Oven
- Electric Range
Heating and Cooling
- Forced Air
- Wall/Window Unit(s)
Pool Information
- Community
Utility Information
- Utilities: Water Source: Public
- Sewer: Public Sewer
Parking
- Assigned
- Carport
Stories
- 2
Additional Information: American Realty Associates | 949-275-2701
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 LOTUS and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.
Welcome to 7370 Neo Street, a well-maintained multifamily gem located in one of Downey’s most desirable residential neighborhoods. This income-producing property features 14 spacious units, each offering comfortable layouts, private entrances, and dedicated parking. Nestled on a 13,068 sf lot, the property provides a rare combination of location, stability, and upside potential.
10 units are 2-bed, 1.5-bath and 4 units are 3-bed, 1.5 bath, and several have been recently updated with modern finishes, upgraded kitchens, newer flooring, and refreshed bathrooms (see interior pics). On-site amenities include [laundry facilities, carports, private yards, 14 parking spaces. Tenants enjoy walking distance to local schools, shopping centers, restaurants, and close to the 105, 605, and 5 freeways—making this a prime location for commuters and families alike.
With strong rental income, long-term tenants, and potential for increased cash flow, 7370 Neo Street is ideal for investors seeking solid returns in a low-vacancy, high-demand rental market. Whether you’re expanding your portfolio or making your first multifamily acquisition, this property delivers.
Don’t miss your chance to own a rare multifamily opportunity in one of Southeast LA County’s most stable and sought-after submarkets!